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  Fallout from the Collapse of Centralized Exchange FTX In early November 2022, FTX, the world’s second-largest exchange for cryptocurrencies and digital assets, was valued above US$30 billion. On 14th November 2022, FTX, along with 130 other affiliated companies founded by CEO Sam Bankman-Fried, filed for bankruptcy. The dramatic and messy collapse of FTX sent shockwaves around the entire industry. Reports and rumours are now flowing in with details of mismanagement and abuse perpetuated by those at the top. According to CNBC, Bankman-Fried spent ‘substantial amounts of money’ on luxury unrelated…

From Crypto bridges drains to centralized exchange hacks, the field of Crypto is a “dark forest”. To set a foot in this game not only requires people to be extremely cautious, but also unfortunately, still asks the users to trust the platform that they are interacting with.   In 2020 DeFi summer, we’ve witnessed how the decentralized finance platform boomed. The total value locked into the protocols soared from $700M to $15B since the start of year.   Yet compared to the volume of traditional financial institutions, DeFi is still…

News update: Alyx Chain plans to support multiple popular programming languages such as C++, Java, Python, Go, Rust, Move and more for its Software Developer Kits (SDKs).   Programming languages are the keystone of application development. Blockchains trying to attract a diverse group of developers to build in their ecosystem need to provide the necessary support and tools to cater to the different strengths of each developer. Some applications requiring the ability to define custom resource types are better built on Move, others can leverage on Go’s ability to spawn…

As William the COO of Fintoch raised his hand overhead and claimed “Fintoch, yes!” on stage, we see a blockchain financial platform arise in this bear market to strengthen the binding bonds to protect investors’ rights and facilitate the further development of DeFi.   On November 13, the first stop of Fintoch’s roadshow series officially began in Kuala Lumpur, Malaysia. This Asia Pacific Official Launch Conference was held at Hotel Seri Malaysia Genting, which had a prolific three-day schedule. The goal of Fintoch’s roadshow is to spread Fintoch’s financial public chain and concept…

News update: Alyx Chain plans to support multiple popular programming languages such as C++, Java, Python, Go, Rust, Move and more for its Software Developer Kits (SDKs). Programming languages are the keystone of application development. Blockchains trying to attract a diverse group of developers to build in their ecosystem need to provide the necessary support and tools to cater to the different strengths of each developer. Some applications requiring the ability to define custom resource types are better built on Move, others can leverage on Go’s ability to spawn and…

In the first half of 2022, the cryptocurrency market began to fluctuate until it entered the so-called bear market in the second half of 2022, the value of many cryptocurrencies fell by more than 80%, or even more than 90%, from their historical highest price (ATH), cause fear and panic among crypto market, and the traders in the secondary market felt helpless and had no way to start. Many traders like to call the current secondary market a ‘monkey market’, in most of the cases, everyone knows how to make…

Fast deliver The Product Launch Event hosted by Fintoch on Oct.28th was a success. The event took place located in Los Angeles Downtown. It attracted hundreds of crypto founders and enthusiasts to gather. In the event, Fintoch announced its plan for Fintoch public chain internal testing by the end of December 2022. — The first offline product launch meeting hosted by Fintoch in Los Angeles downtown was a huge success! Fintoch officially announced its goal to build a financial public chain that would take human society forward. It is worthy to look forward to the community…